We start implementation by analyzing your needs and existing processes, then configure Fincorex® to fit the specifics of your organization.
From one to several weeks for smaller projects, 2–4 months for larger organizations.
From one to several weeks for smaller projects, 2–4 months for larger organizations.
Effective controlling should give full insight into a company’s finances. We built our application from the ground up, so we can freely add features that are difficult or impossible to deliver in other solutions.
The first step is a detailed analysis of your organization’s needs.
We meet with members of the finance team to understand how key processes run in the company. We map procedures, data sources, reporting requirements and KPIs, taking specific legal and organizational needs into account. We provide process consulting and suggest alternative approaches to reporting, analysis and consolidation.
Based on this, we create an implementation concept covering integration with source systems, a schedule of activities and a proposal for mapping your processes in the system.
We design templates, reports and rules that describe data models and the relationships between them.
If the system is integrated with an ERP, we enable drill-down to accounting details. We build visualizations and dashboards for easy, fast analysis of key financial metrics. For consolidation, we configure intercompany eliminations and currency translation.
The models are scalable and flexible, so in the future the organization can quickly adapt the system to changes such as adding new companies, cost centers or data sources.
At this stage, Fincorex® is connected to all source data systems: accounting (GL), ERP, sales and HR.
We also map cost centers, projects and user accounts so that data from different areas is consistent and can be consolidated in a single structure. We load current and historical data into the system, giving users access to comparative reports and trend analysis.
We implement synchronization mechanisms so that all information in the system can update automatically at an interval chosen by the organization.
Once the system is configured, we test all models.
We check that forms, reports and calculation mechanisms work correctly and present the expected information.
End users verify access to data according to their assigned permissions. All reported comments and errors are corrected. System documentation is prepared in parallel with testing.
We run training for both users and system administrators.
As a result, after go-live the team can efficiently enter, analyze, manage and maintain data in their day-to-day work.
The final stage is launching the system in the production environment.
This is when Fincorex® starts actively supporting the company’s financial management. At this stage, we provide not only technical support for using the platform but also process consulting: we share best practices for reporting, analysis and consolidation.
Consistent processes, data from many systems in one place, and reports ready when you need them.
Uniform forms, precise models and the relationships between them.
Information from ERP, HR and other line-of-business systems available in one place.
Automatic data loading, data integration and many users working in parallel.
Comparative reports, drill-down to accounting details, dashboards and visualizations in Power BI.
Users see only the data they have permissions for, which increases security and process transparency.
Easy changes when the organizational structure grows, with new cost centers or additional data sources.
“Fincorex® is our main controlling system.”
We report and plan departmental costs, R&D costs by project, and capital expenditure. Allocating departmental costs to projects is important to us, and the system supports us here as well.
Fincorex® gives us the valuable ability to quickly reorganize reporting structures, such as cost types or cost centers, and makes it easy to enter data into the system, both from Excel and through the web. The right system for our controlling department!
As a proof of concept, we’ll rebuild your reporting or planning model in Fincorex® and show it to you at our next meeting.
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